Would add parking, rethink tenant mix at ailing mall

1:18 AM,
Nov. 14, 2012

Tower Place Mall, downtown Fourth Street, the afternoon of MARCH 18, 2009.

Written by

Jane Prendergast

The city of Cincinnati is ready to buy the long-struggling Tower Place Mall out of foreclosure.

Price tag for the mall, its garage and the former Pogue's garage: $8.6 million - $5 million less than the value set after a successful tax appeal in 2010.

City Council is expected to pass the deal Thursday after council's budget committee, including all nine council members, unanimously approved the deal Tuesday. City officials want to increase parking and find another new developer to come up with the right mix of tenants - office, retail and residential - at the key Downtown corner. ...